Americans need to make six figures to afford a median-priced home

Quick Summary:

But there is a silver lining: The housing market is rebalancing.

To comfortably afford a typical home, a household needs to earn about $114,000 a year.

But the housing market is at a standstill, as it has been for a couple years because not many people are buying or selling.

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Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets: United States

Topics: Real Estate Mortgage rates Housing Housing costs Income Home Prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 16:08:14 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 522 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 105 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28311378

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 32 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #95

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